Global Economics and Markets

Code:

2MEAE15

Acronym:

EMG

Keywords
Classification	Keyword
OFICIAL	Economics

Instance: 2024/2025 - 1S

Active?	Yes
Responsible unit:	Agrupamento Científico de Economia
Course/CS Responsible:	Master in Economics and Business Administration

Cycles of Study/Courses

Acronym	No. of Students	Study Plan	Curricular Years	Credits UCN	Credits ECTS	Contact hours	Total Time
EAE	38	Official Syllabus after 2021-2022	2	-	3	21	81

Teaching language

Portuguese

Objectives

 

The learning objectives of this course are: to understand the functioning of the economy from a global perspective, and the way it is affected by the interactions between the different national economies; to understand how fundamental macroeconomic variables interact in the context of open economies; to understand how the international monetary system works and to become familiar with the proposals for its reform; to understand the impact of financial globalization, with its benefits and challenges; to understand the occurrence of global imbalances and global financial crises.

Amongst other topics, we will study the importance of the foreign exchange and the international capital markets and how they work, the gains from financial globalisation, crises, and global imbalances.

This course will integrate theory with empirical evidence, while also looking at particular case studies, including the most recent ones. This will help students in their application of the theory and in identifying the relevance of the subjects studied for the important questions of the global economy.

 

Learning outcomes and competences

 

This course aims to provide students with knowledge that allows them to comprehend the economic developments that underlie the present economic debate and that impact the running of enterprises and financial institutions, supplying the tools for their active participation in the global market.

 

Working method

Presencial

Pre-requirements (prior knowledge) and co-requirements (common knowledge)

N.A.

Program

 

1. The global macroeconomy

2. The foreign exchange market

3. International economic transactions and globalisation

4. The global capital market

5. Crises and global imbalances

 

Mandatory literature

Robert C. Feenstra; International macroeconomics. ISBN: 978-1-4292-4103-8
Franklin R. Edwards; Futures and options. ISBN: 0-07-112604-X

Complementary Bibliography

Paul R. Krugman; International finance. ISBN: 978-1-292-23873-9
David A Dubofsky; Options and financial futures. ISBN: 0-07-112583-3

Comments from the literature

Additional mandatory and complementary bibliography: selection of scientific articles and other bibliography to be indicated throughout the semester.

Teaching methods and learning activities

The course is based on a theoretical component and a practical component whereby the concepts learned will be used in the interpretation of cases from the real world. In order to link the subjects of the course with real economic events, relevant news from the economic press will be discussed throughout the study period.

Evaluation Type

Distributed evaluation without final exam

Assessment Components

Designation	Weight (%)
Teste	100,00
Total:	100,00

Amount of time allocated to each course unit

Designation	Time (hours)
Estudo autónomo	60,00
Frequência das aulas	21,00
Total:	81,00

Eligibility for exams

Students may opt for distributed assessment or assessment by final exam. Distributed assessment comprises two tests that assess different parts of the program of the curricular unit: the first test will take place during the semester and the second test will take place on the date of the final exam of the regular examination period.

All enrolled students may access examination by final exam.

Calculation formula of final grade

In the option of distributed assessment, the final grade will be the average of the grades obtained in the two tests (each test has a weight of 50% in the final grade). In the option of assessment by final exam (normal season and appeals season), the final grade will be that obtained in the final exam.

Examinations or Special Assignments

N.A.

Internship work/project

N.A.

Special assessment (TE, DA, ...)

N.A.

Classification improvement

Grade improvement is only possible by means of final exam (appeals season).

Observations

N.A.